#Crypto Market Pullback# Bitcoin ( BTC ) price has fallen below 110 thousand dollars again, while the losses in Ethereum ( ETH ) and other altcoins have been sharper.

A sharp pullback occurred on the first trading day of the week in the crypto market. The price of Bitcoin tested below 110,000 dollars for the first time in 6 weeks. According to The Block data, as of 9:00 PM on Monday night, BTC was trading at 109,317 dollars. This level became the lowest point seen since July 9.
Last Friday, the signal for an interest rate cut given by Fed Chairman Jerome Powell in his Jackson Hole speech caused Bitcoin to rise to 117,000 dollars. However, this increase did not last long. BTC Markets analyst Rachael Lucas noted that profit-taking following Powell's speech and the uncertainty in interest rate expectations pressured the price. Lucas stated that the reversal from 117,000 dollars was technically a "sign of weakening momentum."
Macro uncertainty and whale selling pressure have created pressure.
According to Lucas, the pressure created by the large sale of approximately 2.6 billion dollars worth of 24,000 BTC over the weekend is still being felt in the market. This sale led to a chain reaction of liquidations in the derivatives markets, damaging investor confidence.
Another development that increased the pressure in the market was the announcement by U.S. President Donald Trump that he had dismissed Fed Governor Lisa Cook. This move strengthened concerns about the political independence of the Fed.
Critical levels are on the agenda
Presto Research analyst Rick Maeda pointed out that the critical support levels for Bitcoin are 105 thousand dollars and the psychological threshold of 100 thousand dollars. Maeda stated, "A drop below 100 thousand dollars could trigger mandatory liquidations in the market. Upward movements, on the other hand, seem to be limited to a range of 118-120 thousand dollars."

The price of Ethereum has decreased by more than 7%, falling to $4,371, while Solana (SOL) dropped by 9.8%, XRP by 4.8%, and BNB by 4.2%. According to analysts, the capital rotation has been replaced by a trend of "risk aversion."
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